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RE: If you are not White or Asian American then it might actually be smart for you to use some of your financial aid to buy Bitcoin
80% of crypto/bitcoin are in the hands of the top 1%
sorry... it will not change the structure of the pyramid... not to mention that making debt to get rich is a dumbest thing one can ever do. Profit seeking restricts the ability to think... really
Not true. Each crypto has a different Gini coefficient and they aren't all equal. Also who are the top 1% exactly? Do you mean tech experts and smart people who arrived to crypto early? Or do you mean people who came from outside of crypto late who bought their way in?
If you know most people even in the 1% haven't got into crypto yet and you are black or hispanic, why wouldn't you buy the "real estate" before the 1% gets interested to buy it from you? There are few ways to get rich even if all the odds are in your favor. If the odds aren't in your favor then figure out what you can sell to the 1% if you want to have a job and obtain a higher net worth.
Hating the 1% will not get you rich. Fearing the 1% also will not get you rich. Being afraid to take risks also will not get you rich. If you're okay with not getting rich then definitely listen to experts who will tell you how risky every investment is and how you should go the standard conservative course through life.
not fearing the 1% in anyway, they simply would not exist in a world that has understood that chasing money promotes cartels of all kinds.... freedom is impossible
who has the money to buy bitcoin in america when 80% go paycheck to pay check??? trust me, most of the digital currencies are in the hands of the already wealthy
and yesterday I watched an interview of elon musk saying to get prepared for WW3... :) there is a massive human die-off if people dont wake up and fast... that is what happens when one does not grasp the problem with power/1%
and lastly, making debt to invest = inflating/creating a bubble
Tell me how I can have freedom without any money and maybe you can change how I think about money. Right now I don't see a way to live free without paying fees.
trying to get rich with loans creates/inflates a bubble. it is economics 101. I am well versed in it.
thats the whole dilemma but if you only knew how much financial corruption is happening behind the scene, you'd understand that freedom is vain... they want you to believe that freedom is achieved with money, but in fact it is gluing all the massive corruption together, regulators cannot do a thing or the system crashes overnight.
there is a bitcoin offering loophole right now well documented in YT... never trust a mind following money... look also for "phamtom shares", which are shares worth 6Billion of dollars that do NOT exist, traded daily on the stock market as reported more than 10 years ago. Today it could be up to 10-15 billion worth of shares that do not exist being trade daily... For how much of these fake shares have been trade since the problem was noticed...... TRILLIONS of dollars... and what is doing SEC? :)
The entire economy is a bubble. If you go to college on loans you are inflating a bubble. Not going to go to college? If you buy a house with a mortgage you are inflating a bubble. Not going to buy a house? If you start a business with a loan you are creating a bubble, not going to try running a business?
Anything you do which requires money you do not have will require either an ICO, a loan, or someone else's money. They eventually will want their ROI.
My point is sure if you don't mind being poor, if you don't mind being without, then you will not have to take much risk.
You have a right to your opinion. Some people require freedom to be happy. If you can be happy without freedom then you're different from me. Maybe you can tell me how you avoid becoming depressed when you find out all that you'll never be allowed to do?
If we do not have money then certain lifestyles become completely inaccessible. If you do not have money you cannot even support yourself and maintain your family.
I know the world is corrupt but I also know money is what makes the world work. If you don't have it then people will not work for you unless you coerce, manipulate, or they are nice and volunteer. If you do not have money you will find out how hard it is to get people to cooperate with you on even the most basic stuff.
Money gives you freedom, access, and cooperation. If you need expertise then you can pay someone who can be your consultant. If you need professional advice then you can pay for it. If you do not have money, you are dramatically limited because most people with expertise will not give it to you for free.